Bitcoin Forum

XBY has a new way to secure the blockchain. No miners and no POS but uses private signed static nodes. As a would be hacker would have to get the private keys of all the nodes its impossible to hack.

That doesn't say much. What about IPv6 or Tor nodes - both of which is trivially easy to get dozens of?

well tor at least is a non starter huge problems which could potentially land you in jail.

https://www.eff.org/torchallenge/what-is-tor.html


plus like masternodes you would earn from owning and running a node.

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shitty temp website but here is some info.

http://xtrabytes.club/#

I'm not a mathematician but I'd guess there are several isues and possible exploits with the system presented. Hopefully others who are familiar can comment.

Also, what is the initial distribution method? Premined and sold on exchange, aka ICO?

very unique distribution actually. there was an ico on ccex that was a scam. ccex allowed the investors to fork to recover their coins and this project rose out of the ashes. im learned about this myself so dont expect me to have all the answers. sorry typing on phone on work break.

None of that sounds like unique, in fact, quite the opposite. But good luck I guess.

maybe unusual is a better word. personally have seen coins forked and revived but i cant remember on ico being converted into another project mid ico but i could be wrong. anyway it wasnt like it was by design more turning a shitty situation around so i guess new developers cant be judged too much on it.

Thanks it was seeing this info that made me buy more!

Gonna be huge I think once people hear about this.

Is every node going to store all signatures from all nodes? If so the more nodes the slower it gets.

Or is every node going to store only its signatures? If so a light client has to blindly trust one full node

thanks